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The Depository Trust & Clearing Corporation’s (DTCC) Margin Transit Utility (MTU) community has grown to 50 firms representing thousands of Credit Support Annexes (CSAs), with users including leading dealer and buy-side organisations around the world.Given today’s volatile markets and the increase in margin call demands, coupled with the final phases of uncleared margin rules (UMR) rules for over-the counter (OTC) derivatives, an increasing number of firms are actively looking to replace manual margin call processes with automation. By automating the margin call process, MTU enables firms to efficiently validate, enrich, settle, report and monitor matched collateral calls globally while connecting
LiquidityBook, a Software-as-a-Service (SaaS)-based provider of buy- and sell-side trading solutions, has appointed Cash Lafferty as Head of Business Development – West Coast.Based in California, Lafferty will oversee all sales activities in major West Coast markets including San Francisco and Los Angeles. With 20 years of industry experience across a variety of sales, trading and technology roles, he will play an instrumental role in communicating the value of LiquidityBook’s industry-leading POEMS (portfolio, order and execution management system) platform to fund managers and financial institutions of every description.
After beginning his career as a trader, Lafferty decided he wanted to be
Asset managers and investment funds have largely remained “operationally resilient” during the coronavirus crisis, but depressed asset volumes along with closer scrutiny of leverage and short-selling remain key issues for the sector during the ongoing pandemic, according to a new KPMG study into regulatory scrutiny of the industry.
The tenth edition of KPMG’s Evolving Asset Management Regulation series – titled ‘Supporting Growth and Ensuring Care’ – took the temperature of the global fund management regulatory agenda.
It examined an assortment of regulatory issues looming large over the asset management sector – including the ways in which liquidity and leverage are measured and
EEX Group continued to achieve significant global growth during the first half of 2020 reporting double and triple digit increases across the majority of its markets. In addition to major increases in the global power segment, EEX Group achieved outstanding results in Dry Freight alongside healthy increases in natural gas and environmental products.
Peter Reitz, CEO of EEX, comments: “2020 has certainly been a year where the world has faced unprecedented challenges. As an exchange group, we have a responsibility to our customers to provide a safe, secure and stable environment in which to trade and clear. The strong performance
Qunathouse is partnering with EliData to integrate 145 exchange data feeds into EliData’s Smart Order Router (SOR) delivering arbitrage and execution capabilities.Read the full story at Institutional Asset Manager…
Enigma Securities, a crypto liquidity provider focused on electronic execution services, has partnered with algorithmic trading software company AlgoTrader. Enigma will also be joining AlgoTrader’s recently launched WIRESWARM platform, an advanced order and execution management platform allowing financial institutions to trade at multiple regulated crypto liquidity venues.
Despite recent advances, the cryptocurrency industry still lacks a robust institutional trading infrastructure and the market remains highly fragmented. Interested investors are required to fund several different accounts at multiple platforms and exchanges, which inevitably leads to poor price discovery and trading execution, as well as a loss of time and capital. Through the
The largest global clearinghouses (CCPs) demonstrated the resilience of their credit and liquidity profiles in early 2020 despite a spike in market volatility and unprecedented operational disruptions driven by economic fallout from the global pandemic, Fitch Ratings says. The broad introduction of central clearing, promoted by post-2008 financial crisis regulations, helped preserve the orderly functioning of and confidence in global CCPs amid the coronavirus turmoil. However, the magnitude and disparity of margin increases also highlighted the risk of increased pro-cyclicality and interconnectedness of the markets, which could drive further regulatory scrutiny.
In 1Q20, the number and aggregate value of margin breaches
Hedge fund assets have risen sharply in the past three months, as strategy performance recovers and investors scramble to capitalise on opportunities emerging amid the post-Covid sell-off environment.
The total amount of capital invested in hedge funds globally swelled by USD220 billion between April and June – a quarterly record – to reach some USD3.177 trillion overall, according to new data published by Hedge Fund Research.
The surge was driven both by improving strategy performance – HFRI’s Fund Weighted Composite Index gained more than 9 per cent in Q2, its best quarterly performance since the global financial crisis – and
Agecroft Partners has announced the details for Gaining the Edge – Cap Intro 2020 which is aiming to be the largest capital introduction event in the alternative investment industry. The event will take place from 5-16 October and will leverage the success of Gaining the Edge – Hedge Fund Conferences, which have sold out all six event,s and Gaining the Edge – Hedge Fund Educational Webinar Series, which has had over 3,500 hedge fund professionals register, including over 1,500 investors/allocators. This event will also donate a large portion of the profits to select charities that benefit at-risk youth. To date, Gaining
Jersey Finance is expecting an increase in fund migration to the island following an amendment to the Limited Partnership (Jersey) Law 1994.Read the full story at Private Equity Wire…
